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3 years ago

What factor counts the least in calculating a person's credit score?

1 answer:

4 0

Rent and utility payments: In most cases, your rent payments and your utility payments are not reported to the credit bureaus, so they do not count toward your score.

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The purpose of the accrual basis of accounting is to:

ololo11 [35]

The accounting method under which revenues<span> are recognized on the income statement when they are earned.</span>

5 0

3 years ago

Munchak Company’s relevant range of production is 9,000 to 11,000. Last month the company produced 10,000 units. Its total manuf

Verdich [7]

Answer:

1. True, 2. True, 3. True, 4. False, 5. False, 6. True, 7. True, 8. True, 9. False, 10. False, 11. False, 12. False

Explanation:

1. The variable manufacturing cost will remain same as cost behavior patterns remain unchanged.

2. Total fixed cost increases as level of production increases.

10000 units: 10050 units

Variable cost= (70x10000) x40%=$280000 (70x10050)x40%=$281400

Fixed Cost-= 700000-280000= $420000 703500-281400=$422100

3. Increase in level of production will cause the total manufacturing cost to increase.

4. At 10000 units, $\frac{420000}{10000}$ = 42/unit

10050 units, $\frac{422100}{10050}$ = $42/unit

5. The total variable manufacturing cost will be greater than last month

At 10000 = (70x10000) x 40% = $280000

At 10050 = (70x10050) x 40% = $281400

6. At 10000 = 70 x 10000 = $700000

At 10050 = 70 x 10050= $703500

7. Cost behavior remain unchanged

70 x 40% = $28

8. Total manufacturing cost = total manufacturing variable + total manufacturing fixed cost

703500 = 281400 - Fixed cost

Fixed cost = $ 422100

9. Total manufacturing cost = 70 x 10050 = $703500

10. $\frac{422100}{10050}$ = $42/ unit

11. Increase in level of production will increase total manufacturing variable cost

(70x10000) x 40% = 280000

(70x10050) x 40% = 2814000

12. Cost behavior pattern unchanged

$\frac{703500}{10050}$ = $70

8 0

4 years ago

If the typical balance on Lucy's credit card is $750 and the interest rate (APR) on her credit card is 16%, how much in interest

dsp73

If the typical balance on Lucy's credit card is $750 and the interest rate (APR) on her credit card is 16%, how much in interest would you expect Lucy to be charged in a typical month

(16%/12)750=10.00

6 0

4 years ago

Read 2 more answers

The Mega-Bank is considering either a bankwide overhead rate or department overhead rates to allocate $135,000 of indirect costs

siniylev [52]

Answer:

The Mega-Bank

The amount allocated to the Commercial Department is:

= $324,810.

Explanation:

a) Data and Calculations:

Indirect costs = $410,000

Department DLH Loans Processed Direct Costs

Consumer 16,000 650 $350,000

Commercial 7,000 400 $250,000

Total 23,000 1,050 $600,000

Allocation Bases:

Bankwide rates:

DLH = $410,000/23,000 = $17.83

Loans processed = $410,000/1,050 = $390.48

Commercial Department Allocated Costs:

Cost to process loans = $500 * 400 = $200,000

Cost based on DLH = $17.83 * 7,000 = 124,810

Total costs = $324,810

7 0

3 years ago

During the current year, Bradford Company purchased some of the 90,000 shares of common stock, par $ 6 , of Hall, Inc., as a lon

jok3333 [9.3K]

It's a long-term investment and the company owns 45% of shares of Hall Inc. Hence the company exercises significant influence over Hall Inc.

The various journal entries on the transaction occured would be made as under:

No. Account Name Debit Credit

1. Investment 1296000

Cash 1296000

2. Investment 97650

Investment income

(217000 x 45%) 97650

3. Cash 64800

Investment (1.60 x 40500) 64800

The effect on the cash flow statement will be:

Operating activities:

No effect 0

Investing activities:

Purchase of investment -1296000

Receipt of dividends 64800

The current stock price is also known as the marketplace fee. it's far the fee at which a share of inventory or every other security is ultimately traded. In an open market, the modern charge functions as a baseline . Divide equity by the wide variety of stocks issued. If, say, the company's well worth $10 million and there are 10,000 shares, the share fee of every percentage is $1,000.

Learn more about The share market here:- brainly.com/question/690070

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2 years ago